We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Horns of a Dilemma

24567

Comments

  • Mrs_Bones
    Mrs_Bones Posts: 15,524 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    Let your daughter learn how to cook, tell her if she's not happy in halls to look for a flat share. Use the money to secure all your futures not just her's. I know she's your daughter, you'd do anything to make her life easier and there is nothing wrong with helping her out but she won't learn at all if you hand everything to her on a plate, you will only make her life harder in the long term.
    [FONT=&quot]“I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” ~ Maya Angelou[/FONT][FONT=&quot][/FONT]
  • ViolaLass
    ViolaLass Posts: 5,764 Forumite
    wageslave wrote: »
    I am her mother it is my job to pay for everything. Hello parent with a cheque book here.

    IMO, it's your job to parent her, which may or may not mean paying for things. She'll have to learn to cook eventually, won't she?
  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    Mrs_Bones wrote: »
    Let your daughter learn how to cook, tell her if she's not happy in halls to look for a flat share. Use the money to secure all your futures not just her's. I know she's your daughter, you'd do anything to make her life easier and there is nothing wrong with helping her out but she won't learn at all if you hand everything to her on a plate, you will only make her life harder in the long term.

    I don't think you are correct there. If you could easily afford to give your children a lift on to the property market then I would find it hard to envisage their life being harder in the long term. Fact is that the OP can' really otherwise I would be saying she should give her this start in life.

    As a matter of interest, no offence intended, do you have a daughter?
  • ViolaLass
    ViolaLass Posts: 5,764 Forumite
    Pimperne1 wrote: »
    I don't think you are correct there. If you could easily afford to give your children a lift on to the property market then I would find it hard to envisage their life being harder in the long term.

    Unless said daughter buys a flat with mum's deposit then house prices fall and she goes into negative equity. Then she WOULD be worse off.
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    wageslave wrote: »

    Oh and my kitchen is falling to pieces:o


    Is there anyone in the family that can fix it for you? save that expense?

    Wageslave, I think that your attitude is perfect. BUT I also agree that this is your very loved girl's time to ''learn''. If the money is earmarked for invest it someway for her now, but perhaps don't let her know just yet.....she'll be better off than most of her peers at the moment by virtue of not having a loan and presumably not having to work. At 18/20 £40k can seem like a life changing amount that risks nipping endeavour and independance in the bud, leading to trouble later....in her mid twenties it really could be a real boost to the lifs she's making herself. Invest it for a longer term but for her.
  • wageslave
    wageslave Posts: 2,638 Forumite
    ViolaLass wrote: »
    IMO, it's your job to parent her, which may or may not mean paying for things. She'll have to learn to cook eventually, won't she?

    I am going to buy her a cook book and a slow cooker.

    She sounds spoiled doesnt she.

    Trust me she isn't. Her life has been anything but easy.

    I worked hard, she spent her formative years clutching a latchkey and things got better.

    She is the best of girls. Really. She never complained, until she could.

    I want to secure her short term future. Give her a decent start.

    I just dont know what to do for the best
    Retail is the only therapy that works
  • wageslave wrote: »
    The brat at uni spent the first year in halls (food included, I didn't trust her to cook). It cost a kings ransom and she hated it. Room too small, en suite shower/bathroom ditto. Food disgusting. Internet access too slow. Ad bliddy nauseum.

    What I would really like to do is buy a flat in Edinburgh for the brat, sell it when she graduates, and hand her the dosh to start her off in life.

    That's only another 3 years - less by the time you actually buy somewhere. A very short-term investment for property, surely?

    Why not just give her a bit extra, rather than hand it all over? After all, one day you won't be a dynamic young man, but an old codger who needs his comforts.

    And complaining about an en suite - I didn't know halls had them!
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    ViolaLass wrote: »
    Unless said daughter buys a flat with mum's deposit then house prices fall and she goes into negative equity. Then she WOULD be worse off.

    Not in the long term she won't be. If she buys a house AND it goes into negative equity AND she can't afford to pay the mortgage she will be worse off - you need to ask yourself how likely that is (especially if it is two bed flat and she could rent one out to pay the mortgage).
  • Pimperne1
    Pimperne1 Posts: 2,177 Forumite
    That's only another 3 years - less by the time you actually buy somewhere. A very short-term investment for property, surely?

    Why not just give her a bit extra, rather than hand it all over? After all, one day you won't be a dynamic young man, but an old codger who needs his comforts.

    And complaining about an en suite - I didn't know halls had them!

    Ha ha. I don't think Wageslave is any kind of man!
  • lostinrates
    lostinrates Posts: 55,283 Forumite
    I've been Money Tipped!
    After all, one day you won't be a dynamic young man, but an old codger who needs his comforts.
    !


    Or even a woman!;)
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.